The European Central Bank left its key deposit rate unchanged at 2% during Thursday’s policy meeting.
The rate has stayed at its lowest level in over two years after eight cuts since June 2024.
Other main rates were also held steady: refinancing at 2.15% and marginal lending at 2.40%.
ECB President Christine Lagarde said inflation is stabilizing at the 2% medium-term target.
Flash data showed eurozone prices rose 2.1% in August, following 2% in June and July.
The bloc faces challenges, including political turmoil in France that could dampen investment.
The EU-US trade agreement provides more clarity, though its full impact is yet to be assessed.
Oxford Economics predicts eurozone growth of 0.8% in 2026, with inflation dipping below 2% next year.
Analysts see a possible final ECB rate cut in December, though the bank may hold steady.
Lagarde will address fiscal developments and economic outlook in a press briefing later today.
ECB Keeps Key Deposit Rate at 2% Amid Steady Inflation
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
